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New Medicare Supplement Plans M And N Offer New Lower Premiums For Medicare Recipients

By Expert Author: Winifred Pritchett

Due to the 2010 Medigap Modernization act which goes into impact on June 1st. 2010, there will be some modifications pertaining to the existing standardized Medicare Supplement Program. These changes will not impact those who are currently enrolled in a Medigap Strategy prior to this date, and just applies to individuals enrolling on June 1st or after.

Medigap Program E, H, I, and J are being eliminated by Medicare, however those who are presently signed up in these plans will be enabled to continue to be in them with no changes. Various other important modifications include the addition of the Hospice advantage to all Medicare Supplement Plans, as it will now be a core benefit of all Medigap Program. Our info is gathered from insurance company.

The new Modernized Medicare Supplement Plans will also include two new plan letters that will likely be very attractive to those currently on a Medicare Advantage Plan. Those two strategies are Medicare Supplement Plan M, and Medicare Supplement Plan N. Due to the rising costs of Medicare Advantage Strategy premiums, and the growing number of physicians choosing to not participate in them, Medigap Plans M and N offer various cost sharing features that help in offering lower premiums for both compared to Plans such as Medicare Supplement Plan F or Strategy G.

Medicare's new Plan M offers unique cost sharing alternatives that are particularly appealing to Medicare beneficiaries who are relatively healthy. Plan M offers to pay 50 % of the Medicare Part A deductible, which is $1100 per benefit period in 2010. For example, if you are admitted to the hospital and you have a Medigap Plan M, you would have to share of the $1100 deductible, or $550. The current policies still put on the Medicare Part A deductible, in that if you are admitted and leave for 60 days or more, and then need to return within the calendar year, you must pay this deductible again.

With a Medicare Supplement Plan M, you are also responsible for paying the Medicare Part B deductible, which is $155 for 2010. Beyond this deductible there are no doctor's office co-pays and the 20 % coinsurance will be paid by the plan.

An additional new plan being introduced on June 1st. 2010 is Plan N. This strategy also provides cost-sharing alternatives to the beneficiary similar to Medicare Supplement Plan M, however with Plan N they are in the kind of co-pays.
You are needed to pay a $50 co-pay if you are confessed to the hospital and have a Medicare Supplement Strategy N. For physicians visits there is a co-pay of up to $20 per visit, after you meet the Medicare Part B annual deductible ($155 in 2010). These co-pays allow for the premiums of Medigap Plan N to be lower than the present Medicare Supplement Program available, also making it an impressive choice for those who are coming off of a Medicare Advantage Plan (Whether the strategy is leaving your area, or you are in the registration period and wish to make a change).

With lower premiums and cost sharing choices such as co-pays and deductibles, Medicare Supplement Plans M and N should be an excellent alternative for individuals on Medicare, particularly those who do not mind paying parts of deductibles or co-pays.


The brand-new Modernized Medicare Supplement Program will likewise consist of 2 brand-new strategy letters that will likely be very appealing to those currently on a Medicare Benefit Strategy. Those 2 strategies are Medicare Supplement Strategy M, and Medicare Supplement Plan N. Charge to the rising expenses of Medicare Benefit Plan premiums, and the growing number of physicians selecting to not participate in them, Medigap Program M and N provide different cost sharing features that help in providing lower premiums for both compared to Plans such as Medicare Supplement Strategy F or Plan G.

Medicare's new Plan M strategy unique provides sharing expense that are particularly attractive specifically Appealing beneficiaries who are relatively healthy. If you are confessed to the healthcare facility and have a Medicare Supplement Strategy N, you are needed to pay a $50 co-pay. These co-pays permit for the premiums of Medigap Strategy N to be lower than the present Medicare Supplement Program readily available, also making it an outstanding choice for those who are coming off of a Medicare Benefit Strategy (Whether the plan is leaving your area, or you are in the registration period and desire to make a change). To learn more info please check out

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